China Dumped US Treasuries For 4th Straight Month, Most Since 2016

    0
    14

    China Dumped US Treasuries For 4th Straight Month, Most Since 2016 Overall, June was a ‘buy all the US things’ month for foreign investors Long-Term Treasurys +$10.9BN Agencies +22.7BN Corporate Bonds $13.8BN Corporate Stocks +$25.2BN That is the biggest stock buying binge since March, led by non-official source buying (Foreign Official institutions -5.4BN, Other foreign entities: +30.6BN)… For the 4th straight month, China dumped US Treasuries in June (the latest TIC data). In fact, over the last two months, China sold over $34 billion in Treasuries – the biggest dump since 2016… Source: Bloomberg Belgium also saw significant selling (often considered a proxy for China selling via Everclear), now with the lowest holdings since Sept 2020… Source: Bloomberg Japan bought Treasuries in June (after selling in May)… Source: Bloomberg And finally, hedge funds appear to have been big buyers of bonds in June as Catman Islands added almost $16bn (up for the 3rd month in a row)… Source: Bloomberg As a reminder, the benchmark 10-year Treasury yield decreased about 13 basis points in June to 1.47%. Finally, we note that the shift from Treasuries to Gold among global reserves remains in tact… Source: Bloomberg   Tyler Durden Mon, 08/16/2021 – 16:18

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here